Shares of South32 Limited (LON:S32 - Get Free Report) fell 4.8% on Tuesday . The company traded as low as GBX 168.54 ($2.18) and last traded at GBX 169.30 ($2.19). 251,894 shares were traded during mid-day trading, a decline of 20% from the average session volume of 316,351 shares. The stock had previously closed at GBX 177.80 ($2.30).
Wall Street Analyst Weigh In
A number of research firms recently weighed in on S32. Canaccord Genuity Group raised their target price on shares of South32 from GBX 120 ($1.55) to GBX 125 ($1.62) and gave the company a "sell" rating in a report on Tuesday, February 11th. Citigroup lowered shares of South32 to a "neutral" rating in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group reiterated a "sell" rating and set a GBX 120 ($1.55) target price on shares of South32 in a research report on Friday, December 13th.
Read Our Latest Report on S32
South32 Price Performance
The firm has a market capitalization of £9.81 billion, a P/E ratio of 122.54, a P/E/G ratio of 7.26 and a beta of 0.91. The firm has a 50-day moving average price of GBX 175.46 and a two-hundred day moving average price of GBX 176.07.
About South32
(
Get Free Report)
South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.
Further Reading
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